Rent to Own Homes in Decatur Township
Camby, Indiana, is a part of the greater Decatur Township in Marion County. The United States Census Bureau estimates the total area of the township at around 32.2 square miles of land and 0.1 square miles of water with an overall population of around 32 thousand people. Camby itself is also known as the West Union Station” and shares a border with neighboring Hendricks and Morgan counties. Camby has an elevation of 764 feet above sea level and has a post office ZIP code of 46113.”
The below results are primarily rent to own homes in Marion:
Camby, Indiana, is a neighborhood in the greater Decatur Township that sits along Camby Road close to State Road 67. The neighborhood is close to sea level and is large enough to have its own post office and ZIP code. The surrounding Decatur Township was settled in the early nineteenth century and many of its residents continue to be able to hearken back to that time and the people who originally established the area.
Camby, Indiana, is a part of the greater Decatur Township in Marion County. The United States Census Bureau estimates the total area of the township at around 32.2 square miles of land and 0.1 square miles of water with an overall population of around 32 thousand people. Camby itself is also known as the West Union Station” and shares a border with neighboring Hendricks and Morgan counties. Camby has an elevation of 764 feet above sea level and has a post office ZIP code of 46113.”
Decatur Township is home to the Decatur Township Civic Council as well as the Metropolitan School District of Decatur Township. Further, the Indianapolis Challenger Center also calls Decatur Township home. The township was originally settled in the 1820s by Quakers who had moved into the area from South Carolina. There are still many residents in the township and within Camby who can trace their heritage back to these original Quaker settlers. The township itself was named for Stephen Decatur, a United States naval officer and commodore who served during the late eighteenth and early nineteenth centuries.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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